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tv   Piers Morgan Live  CNN  February 25, 2014 9:00pm-10:01pm PST

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tonight a $2.5 billion man. a man who knows everything there is to know about winning. exhibit a, this buzzer beater last night at madison square garden. dallas mavericks edging out the new york knicks 110-108. with maverick billionaire mark cuban talks or walks right across the court. he's never afraid to say exactly what he thinks. >> swag is being able to tell other people what they need to do and not having to worry about them telling you what to do. >> i'll ask him about winning and sports. >> i said would you sell the team. he said yeah. i said what's your price. i didn't negotiate. i just wrote him the check. >> winning in business? >> and what it takes to make it big on ""shark tank."" >> i want it to sink in on you
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very, very hard. so it just reverberates through your whole body. what was my last question to you? >> would i take the 90,000 for 40%. >> you had a chance to close, didn't you? >> tonight mark cuban for the hour. mark cuban is a man who wears many hats. dallas mavericks owner, axis tv chairman, investor. welcome to you. >> thanks, piers. >> where do we start with you? i watched you last night. amazing moment. your team beating the knicks in the last second with a typical cubanesque moment. i thought there's this guy who went you were 19, 20, you didn't have a dime to rub between you, right? and there you are the billionaire owner of a basketball team beating the knicks in their own backyard. what did that moment feel like for you? >> it's amazing. that's one of the beauties of owning a sports team when you get to run out on the court where there's a buzzer beater jumping up and down with everyone else and the cops
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aren't chasing you. it's surreal, an amazing feeling. >> do you pinch yourself sometimes? >> every day. i can't tell you how many times i'll just look around and my family and just everything that's going on and just -- it's crazy. it's amazing. and i try to never take it for granted. >> your story is extraordinary. because you go back, you were living in pittsburgh. your first job was working in a bank, the mellon bank in pittsburgh. you realize the hierarchy is limiting. tell me how you dealt with that. >> i would send notes to the ceo. i'm a grunt, right? i'm working on these systems conversions where they were converting from old digital systems to new digital systems. i would read articles, the bank would benefit from this. i sent notes to the ceo and he'd respond to me. and until my boss pulled me into his office and started screaming at me, john whitman, just yelling and yelling, you're not allowed to do this or that.
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i realized ways never going to be a very good employee. >> you were basically not observing the bank structure. >> no. i wasn't going through my boss. i just went right to the ceo. like no big deal. the whole point when you go to work for somebody i thought was you do all you can to make the company more profitable no limits. i realized i wasn't going to be a very good employee. >> was that the moment you thought i've got to leave this place? >> that was one of many. they basically after i started just doing pretty much what i wanted to do, they kind of shuttled me off and said spend some time here. and i just quit. i'd only been there for nine months. then i went back to indiana for a little bit back to blooming ton and went down to dallas. the rest is history. >> it is a remarkable history. you go to dallas, you've got no money still. you get together with five mates, living in this small place, right? >> i had a car. a 1977 fiat x 19 with a hole in the floor board where i had to put oil in like every 60 miles. i had to be careful not to get dizzy and fall asleep because i could see the road go by in the
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hole in the floor board. i had a bunch of buddies living in dallas. i showed up and said i'm crashing with you. i had five other roommates. slept on the floor. didn't have my own room, didn't have a closet, didn't have any place to put my clothes except a pile. >> you had a rule when you went out. nobody could spend more than $20. >> yeah. >> you'd all go and buy horrible cheap $12 bottle of champagne. >> it was great. we'd walk around like we were moguls with this bottle of champagne drinking out of the champagne. p. diddy thought he was cool drinking champagne out of the bottle. we were way ahead of the curve. it was cheap and we thought we were cool. >> having no money. what did it do for you make you want to be? >> it was no big deal. i mean, i had a blast when i was poor. but because i was always motivated. i was always competitive. so it wasn't like i said i'm sleeping on the floor so that's my motivation. my motivation was always, i want to be rich and retire. i want to have all my time.
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i realized back then that time was my most valuable asset. i think my dad really drilled into me that you have to appreciate everything in life. it wasn't about how much money i had, how hard could i work and what could i accomplish. i think that's what motivated me to get out. >> your dad was a pivotal figure in your life. when he gave you advice, did he give you advice or was it more the way he conducted himself? >> a little bit of both. he never gave business advice. he did upholstery on cars. if you had a rip in your car seat you'd bring it to my dad or he'd go to mcdonald's and sew up upholstery there. lost an eye in an accident as he was putting staples into a car seat. he never really understood business. it wasn't like i could ask him for business advice but he gave me great life advice. just today is the youngest you're ever going to be so you have to live like it. i'd always complain i'm getting old and he'd laugh at me. just always told me there were no limits. i could do anything i put my mind. to he never tried to slow me down or stop me.
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>> going back to dallas, there you are, you're all leading this party life on meager resources, and you start to do a few things, entrepreneurial, all your mates are doing crazy jobs, bartending or whatever. >> right. >> your first dabble into real business is what? >> starting a business or working? >> you went to work but you've got this huge deal. i love this story where you managed to do a deal. you're working in a small business. >> i'm working for this software company. one of my jobs was to come in and sweep the floor and open up the store. so i'd close this deal for $15,000, 10% commission. ways making 1500 bucks. that was huge. >> huge for you. life-changing. >> enormous. so i called my boss and said i'm not coming in. i've got barbara all set to cover opening up the store and sweeping the floor and all that. he said no, i need you to come in. i said i've got to close this deal. my customer is expecting me. i went and picked up the check and hand this guy a $15,000 check he's going to love me for it. fires me. keep the check. >> why would he fire you?
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>> i have no idea. >> did he give any reason? >> i don't remember. i don't remember. he was a guy that was -- and i learned a lot from michael. i learned to do the opposite. because he was really into pomp and circumstance. i'm the president you're not. this is how a president operates. this is what a president wears. he would tell me you should buy a suit here. this is where it looks good. buy clothes there, that's where it looks good. but he was never selling. this was a company that need sales. so i never really got into it with him. i just took the check back, went back and started a company, microsolutions, out of six guys in a three-bedroom apartment apartment. and built that into $80 million in sales. >> and then became the big deal, the massive one that made you a billionaire. in the buildup to that, tell me how you were feeling as a businessman. >> it started when we went public. so we started basically the whole streaming industry. not the streaming software but took it and turned it into a business where we had a million people a day coming in and
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listening to audio and watching video. we started doing the pop up videos and the lead videos. the intro ads. >> was there a kind of eureka moment for you personally when you taught thought this is how i could become a billionaire? >> oh, yeah. i could tell you a story. our office was at 2929 elm street. and we had 15 employees at audio net. i remember sitting and talking. we would have people come in from around the world to audio net our site then saying this is changing my life. i feel like i'm back home. people who in korea, thailand. this was when we were months old. it was obvious if we really pushed it that streaming audio and video was going to be enormous. we had a unique opportunity to take advantage. >> were you technically yourself very very savvy? or did you just have really smart guys?
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>> i remember sitting in the second bedroom of my house. i bought an isdn line, a pack ard bell computer for $3,000, a router. and i taught myself all the html stuff i need to do to put together the web site. which wasn't hard to do. >> you taught yourself this? that's easy. that's not a big accomplishment. >> you make it sound easy. >> it is. >> i couldn't do that. >> yeah, you could. that wasn't the hard part. the hard part was figure out how to get streaming to work with after of growing number of users in an internet infrastructure that didn't support it. so putting in the servers, connecting the servers, understanding the networking which is what my microsolutions company did. we were one of the first local area networking companies in the world. putting all those features together and then knowing that we had to go out and sell it and let people know what it was and evangelize it. putting all features together is what made it work. we're getting a million daily users in a world where hardly anybody had broadband. it was a big accomplishment. as we grew that and it became
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obvious that multimedia was the future of the internet, yahoo!, aol and others started paying attention to us. we went public in july of 1998. we had the largest one-day pop in the history of the stock market at the time. that's when i remember sitting in the back of the car in new york talking to my partner todd wagner saying we might be able to have a b next to our name how crazy the stock market is and this business. he said you're an idiot. that will never happen. i remember the second it happened. ways working at home in the morning and watching the stock because we were getting close. ways make ned front of my computer when it crossed the line that i was a billionaire. >> that moment. the moment you were naked in front of your computer and you become a billionaire. what do you do? i hope this is great. this better be clean. >> again, at that point in time the market was so crazy, i didn't know if it would last. >> if i could say i could let you relive the best sex you've ever had in your life or that moment naked in front of the computer which moment would you take?
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>> naked in front of the computer. with $1 billion i could buy all the sex i wanted at that time. >> let's come back and talk more about what happened after you become a billionaire, start to lead i guess the dream of many billionaires. (vo) you are a business pro.
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i had been a rich man and i had been a poor man. and i choose rich every [ mute ] time. when i have to face my problems i show up in the back of a limo wearing a $2,000 suit and a $40,000 gold [ mute ] watch. >> leonardo dicaprio in "wolf of wall street" have you seen the movie? >> i loved it. >> do you think it's true to reality? >> i think there was some embellishment because i've talked to some of the characters involved. but i think at its heart it was very true. that once you get going, it's addictive. and sales people sell. and it wouldn't surprise me that 90% of it was how it went down. >> i interviewed jordan belfort recently. >> what seems amazing at first becomes commonplace after awhile.
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you don't lose your soul all at once. you lose it a little bit of time incrementally. when i lost my ethical way it did not start off -- it's sort of like these tiny imperceptible steps over the line. your line of morality moves a bit. next thing you know you're doing things you thought you'd never do and it seems perfectly okay. >> it strikes me every successful businessman in the world probably has moments when they can either cross a line, ethical moral line or they don't in jordan belfort's case he kept crossing every bigger lines until eventually he realized he had lost his soul along the line even though he didn't want to. i said to him later, do you ever wish you hadn't gone the illegitimate way. you probably could have been a billionaire the straight way. i think he knows that. what do you think about that process? how do people like you avoid the pitfalls of a jordan belfort. >> when you're a kid someone says hey you want to deal a little pot you can makes extra money you say yes or no.
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when you have no money people are pitching you stuff. just say no. so it's never been like a temptation for me. but i can see in sales we talk about incentives. and just managing people. and i always talk about if you give somebody a cadillac and say if you don't hit your goal you lose the cadillac it's a whole lot different than saying if you hit your goals you get a cadillac. people don't ever want to lose what they have. once they taste the good life. >> is that something you've done with your own staff? >> i want to give them the incentives up front. they don't want to lose it. >> do you take await cars? >> you have to. otherwise you have no credibility. >> how do you feel when you do that? >> it's like you had your chance. what are we going to do to fix it. i don't want to leave them hanging. >> it's a better motivating factor to have them lose something they're really enjoying than perhaps have awn attainable trophy? >> the process says one i have confidence in you you can reach these goals. two i'm going to put you in a position to succeed.
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three you agree that i've put you in a position to succeed so we're agreeing this is the reward. if you don't reach your goals i'm taking away the reward do we all agree on this yes or no. if the answer is yes let's do it. so there's no hidden agenda. they know it up front. >> jordan belfort at the end he sold me a pen, a scene from the movie with dicaprio. he sold me a pen. fascinating he didn't try and oversell me a pen if i didn't really want one. he said he had to identify a need in me. in other words, have you thought recently the last few months about having a pen. if you get a yes then he goes into full sales mode. that is a good sales tactic do you think? >> you always want to put yourself in the shoes of the person you're selling to. when i was selling computers, software, developing software, writing software myself, my skill set was i can walk into a shoe store and say i understand your business. here's what i can do to improve it. walk into a furniture store, doctor's office, any business in this moment and say, i can help you use technology to your
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advantage. because i understand your business. so yes, if you can put yourself in the shoes of the people you're selling to you're always going to know how to sell and be successful. >> did you carry a wallet? >> yes, i carry a wallet. >> i asked warren buffett. what do you have in it? >> that's a good question. i've got some credit cards, a debit card, driver's license. cards from some folks. i've got my doctor, iulm card, insurance card. >> cash? >> i've got my gym card. probably about $700 now because ways just in vegas. >> not dissimilar to warren. all you billionaires -- in fact the wallet looked the same. is there a billionaire wallet club? >> actually there is. you get it after you learn the handshake [ laughter ] >> but you know what, i'm always upset because i've never been invited into the trilateral commission. i thought i made all this money. i qualify, right? >> when you're a billionaire, is there a little billionaire
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banter that goes on? >> it just depends if they're friends or not. i'll tell you, i've got a buddy. i play basketball with. he just sold his company and he crossed the billionaire mark. we just sat down and had a big old smile. i saw him two weeks ago. he's like, i think maybe i should buy a sports team. i'm like, whatever, right? but it's special, right? and i think anybody who's reached that level understand that luck plays a part of >> it people say that money, money won't make you happy. >> it's true. >> but isn't there an element to it that money alleviates a lot of life's stresses? >> it relieves a lot of stress. that's different than making you happy. >> you had no money. better having it >> yes. >> it's not equivalent for getting happiness? >> if your were miserable when you were poor you'll be miserable when you're rich. i've come home with a date and the lights were turned off.
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i've had to run from work to the utility company to pay my bill, realize i don't have cash, realize i don't have enough money in the bank with a check that the check will cover and have to go back and borrow cash. i've been there. so money is a whole lot better than no money. but i was having a blast. i was more than willing. one of my goals was to retire by the time i was 35. i did when i was 30. i wasn't looking for oppulence. ways looking for freedom. >> what is the best thing about being a billionaire? >> more in control of your time. i don't wear a watch. there has to be a damn good reason for me to wear a suit. >> this wasn't good enough? >> i'm in tennis shoes all the time. i have control of my life. and swag is being able to tell other people what they need to do and not having to worry about them telling you what to do. >> let's take a break. one of the things you did as a
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billionaire you bought a basketball team. the dallas mavericks. let's talk about sports when we get back. >> sure. >> sport business is winning the same in both? i suspect it probably is. marge: you know, there's a more enjoyable way to get your fiber. try phillips fiber good gummies. they're delicious, and a good source of fiber to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people
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if anyone knows about winning in business and sports, it's mavericks owner mark cuban who's back with me now exclusively. let's talk sport. why the dallas mavericks? obviously you'd gone to dallas as a 22-year-old. you obviously loved the place, i guess. >> right. >> why basketball, why that team? >> i've been a basketball junky as long as i can remember, 5 years old. the very first season tickets i ever owned for any team ever were the dallas mavericks. i was a season ticket holder before i bought the team and they were horrible. one day i was watching the game with my then girlfriend, now wife. i'm like -- it was the opening day. undefeated. i'm really excited and the place isn't full. there's no energy in the building. i thought i can do better than this. then ding ding dinghy have to put my money where my mouth is. found the owner made him an offer he couldn't refuse. within two months i owned the team. >> you sound like don corleone. how does mark cuban make him an offer he wouldn't refuse? >> i said would you sell the team he said yeah i said how much and i wrote him a check.
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>> it was the highest price paid for a sports team. at that point in time the stock market was still crazy. this was january of 2000. so like the day before, my yahoo! stock went up enough to pay for the whole team. so it was crazy. so it felt a little bit like funny money. it was like why not? >> has it been everything you hoped it would be, earning the mavericks? >> it's a lot different than what i thought it would be. because i don't really own the time. financially i own the team but all of north texas owns the dallas mavericks. being in business, you have a great quarter no one throws you a parade. you get an article in the "wall street journal" great job. when you win a championship the whole city's on fire. when you're losing everybody hates you. but in business i've never got an e-mail from somebody saying my son has cancer or my
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daughter's sick and she really looks up to the mavericks. would you meet them, spend time with them. even worse my son just died. you met him and took a picture of him. we're going to bury him in his jersey. would you send a note we can put in a coffin. so different than anything you find in traditional business. so you really have to learn very quickly you're a steward much more than a business owner like you are in traditional business. >> lots of issues bubbling around big professional sport in america right now. probably the leading one is this issue of gay players both in basketball, in football, and it will happen to every sport obviously. you know jason collins, obviously a big ground-break moment there. we've also got this young college player who's come out before he's even made the draft pick yet. what is your view generally about this issue and sport in america, given that so many people in the sports themselves feel so uncomfortable about it? >> it's a nonevent now. it literally is a nonevent.
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even since jason came out, and it was at mls player, robby -- i forget his name around we're friends. how many states now allow gay marriage. it's becoming so accepted that it's a nonevent. and i think just in the span of six, 12 months it's changed dramatically. >> yet even in arizona this week we've seen efforts by lawmakers to kind of make it illegal again to just be gay. saying you have the right to refuse to serve people if you suspect them -- >> that's the craziness of politics. that's not the real feeling of the population. you don't just -- just how we deal with people anymore has just changed. people don't -- unless you're running for office and you really need to have a strong republican constituency voting for you, real people aren't that way. and so i think we've really come to the point where in the real world in real life, we don't
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care. and that's a beautiful thing to say. you never run into people. it's not an issue. no one says to me -- no one contacted me -- >> is it generational? >> absolutely. >> a sense that anybody over 40 probably still has a slight hangup historically about it? >> i think it's older than that. >> certainly my generation, you're right, probably 50, right? yet anyone under 50 and certainly under 40 -- >> doesn't care. >> doesn't really care either way. not a problem. >> there used to be things where when after september 11th, whenever a player of any sport said something politically related i would get a flood e-mails. never an e-mail if you get a gay player, jason collins played for 12 years. he was showering with everybody. nobody died. no one got checked out in the shower and had problems. so he actually was the perfect guy to change everything. >> what about guns in sport? a lot of nfl players in
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particular like to have the gun around them. and in basketball, too. after last night's game, the knicks guard raymond felton was arrested on gun charges. there have been a lot of these stories in the last couple of years. obviously i've had a whole position about gun control. >> right. >> probably because i'm not american and therefore don't quite see the culture in the same way. but what about that? what about the fact a sportsman believing they need a gun? >> i think it's anecdotal. raymond it's unfortunate what happened. i don't really know the guy but he was stupid. at the mavs we ask do you own a gun? is it registered? you're not allowed to travel with it no matter what. you can't carry it in your car no matter what. >> you've implemented gun control? >> not gun control. gun safety, gun awareness. we want to make sure whatever the rules are for the state we're in we're following the rules and not traveling with it whatsoever. is it possible that one of my guys might do something that i'm
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not aware of? sure. when you're dealing with 18 to 35-year-olds, it is what it is. but as far as i'm concerned, as long as it's registered, as long as we're playing by the rules, you don't travel with it, okay. but take it in your car and thinking you're at risk. if you're going someplace you feel you need a gun don't go there. that's what i tell my guys. >> if you took that attitude generally to america, if everyone had that view it would be a much safer place. >> i think so. >> yet these are quite sensible proposals. is part of the problem calling it gun control? do a lot of americans hate that word control? >> yeah. because i think a lot of americans feel threatened their rights are being taken away. gun control the second amendment has become something we fill intrinsically you have to fight for. i think it's an issue where are we threatened by government and where do we feel at risk from government. if you're going to fight back what better amendment to rally behind than the second amendment.
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i don't even think it's about guns. i think it's about standing up and saying look you're going to have to pry it from my cold dead hand because i'm protecting the constitution. do we need to do it to that extreme? i don't think so. but do i understand and respect it yes. >> let's take another break. let's come back and talk about shark tank. it's a huge hit. you're a huge hit on it. you're terrifying in many ways on that show. >> not me. >> not sure i want to be pitching to you. this is the first power plant in the country to combine solar and natural gas at the same location. during the day, we generate as much electricity as we can using solar. at night and when it's cloudy, we use more natural gas. this ensures we can produce clean electricity whenever our customers need it. ♪
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in your particular case the "shark tank" is about selling. it's about taking your business to the next level. you taught america one of the biggest mistakes sales people make. when they have a deal in front of him, you should just shut up and take the deal. >> hallelujah. >> instead of keep on selling. you kept on trying to sell. >> mark cuban on abc's "shark tank" zeroing in on some prey. it's been called a surprise hit. i'll bet you weren't surprised. >> i was shocked. >> you're a very confident guy. everything you touch basically turns to gold. >> no, i was shocked. mark burnett asked me to come on as a guest shark. it kept on getting bigger and bigger. i went from a guest shark to permanent shark. now i'm in my third season i
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guess. it's amazed me how well it's done. now it's become part of the zeitgeist of the country. >> when i used to judge "america's got talent" i can remember having to sit through so much crap for want of a better phrase just waiting for the nuggets of amazing talent. you must have i guess the same experience where so much of the stuff you're being pitched is useless and the people pitching it are useless. >> no that's where i disagree. you can't ever think that the people are useless. the beauty of the show -- >> as a business person? can they not be useless? >> no. because when you put your life on the line, if you have the balls to say, you know what, i'm going to start this company. over single person in this world has that one idea they think is going to be brilliant and they get all excited and then do nothing. the fact that they were able to stand up and do something with the idea, so they get credit. >> so i don't really agree with you. again doing "america's got
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talent" i can remember thinking i don't really admire you for standing there telling me aunty nelly said you could sing because you can't. my job is to stop this dream dead in its tracks. i'm helping them by saying you can't sing. >> i don't disagree there. that's just singing. >> you think there are some people you think you're no good, get out of business? go be something else? >> my mind is completely different. because it's not just like hey i'm singing. >> probably why you're a billionaire and i'm not. >> you have to do so much just to start that business. you're not getting on the show unless it's a real business. unless at least it has a chance. now will i crush people? yes. but not people who are putting a good honest effort out there. if they b.s. me, if they're arrogant, if they're into something that i think is abusive or taking advantage, then i will nail the hell out of them. i have no problem doing that. >> what is the kind of idea that you really love? >> something that's differentiated, something unique, something that can grow i think into something that's big.
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those are my favorites. >> what kind of thing over the years have you thought, yeah, that's what this show is about? >> surf set fitness is a perfect example. this guy comes in former hockey player and his girlfriend. he wanted a way to work out and also learn how to surf out of new hampshire. where are you going to learn to surf in new hampshire in the winter. he took a modified surfboard, put it on this instability devices and made this device that allowed you to learn how to surf indoors and started going around and teaching classes. and it's just exploded since they were on the show. and so it's something that can be anywhere. kind of like zumba or whatever the fitness cycling is has exploded. these guys have the chance to explode. they're growing and growing. people open up salons for surf set fitness anytime. those are the types of ideas completely out of left field. they busted their ass and now they're making something of >> it talking out of left field, your dancing. >> that's far out of left field. that's where they should have shut me down. >> you know why i liked watching
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you on that show? it made me feel better about my own dancing. >> hey i just had my -- >> you weren't bad. >> i had my hip replaced months before that. >> jerry springer was worse than you. >> there are a lot worse than me. right there doing the waltz whatever it was, i just had my hip replaced. i'm like please stay in one piece. then do i this jump at the end and i landed and i didn't fall apart and i was fired up. so it was a moral victory. >> do you have even now, mark, do you get those moments when you wake up in the morning or late at night and an incredible idea comes to you? >> yeah. i hate it now. i hate it. because i have so much going on -- >> you don't have time to act on it. >> i don't have the piss and vinegar. it takes a special motivation to say i don't give a dam, i'm going for it. and you can't see barriers. people say you're such a risk taker. i never take risks. i do the preparation, the work. when you're prepared you can bust through any wall. i get the ideas and think i should go for this. then i think, i got soccer in the morning.
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i got all this other stuff. >> and you're a father. >> yeah. >> let's take a break and talk about fatherhood. i wonder what kind of dad your. i suspect you're a smiling assassin. i fully support you as long as you come first. >> exactly. now you can create your own perfect plate of pasta at olive garden, with our new cucina mia menu, for just $9.99. choose the homemade sauce that tempts you the most. like our addictively creamy garlic asiago, devilishly spicy diavolo or garden-fresh primavera with roasted vegetables. all made from scratch and made to order. served with your choice of our new artisinal pastas including gluten free. new cucina mia is all about flavor,
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all about you, and all just $9.99. at olive garden, we're all family here. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis. she sounds hideous. well she's a guy, so...
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for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. it's a rite of passage in a cuban family. taking jake to his very first baseball game. how old are you? >> four. >> when did you turn four? yesterday. >> dallas mavericks owner mark cuban is with me. you have young jake you just called the jakinator.
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no pressure, jake. i would imagine you're the kind of dad that wants to beat him at checkers, right? you don't let people win easily, even your kids. >> i do want to beat him. uno i'll kick his ass. >> your dad like that with you? >> not so much. my dad worked so much we really didn't get many of those opportunities. but yeah, with my kids when we compete on something, like i have my daughter playing basketball, i won't coach them, right? but i'll definitely encourage them. it's fun. it's fun. i just try to have fun with them. >> there'll be a moment -- my three sons are older, 20, 16 and 13 -- the two older ones as long as you've tried to beat them in from everything a very early age, when they finally beat you -- >> they're going to rub it in. >> -- it means so much more. table tennis, tennis, now they beat me at everything. but the moment they knew they could take down their father?
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knowing i was trying my best? they love that. >> you get to understand the competitive nature of your kids, too. which are more competitive, how far you can push them and not push them. i don't want to be the overbearing dad. i want to be supportive, want them to love what they do. i always tell them when you get really good at something you like it a whole lot more. but i don't want to be the overpushing do so much. i want them to pick what they like. if they want to compete i'll compete. >> what do your parents make of your astonishing success? >> they cry.ompletely self-made? i just let them do whatever they want, go whatever they want. i think they're still stunned. i remember when i was in high school, my mom worked for a real estate company. and she got bob freedman, the guy she worked for, to teach me a trade to protect me, right? so i literally had to go and install carpet at this one commercial setting. she wanted me to have a trade just in case something quite
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didn't go right with my career. i was the world's worst carpet installer. but somebody that's tripping over carpet in this little apartment complex to this day. but yeah, they're stunned. >> and just being able to spend money on them and give them all the stuff they could ever have dreamed of, is that one of the great pleasures of your life and your achievement? >> absolutely. on one hand with my parents, it's wonderful. and on the other hand it's the scariest thing ever with my kids. because i don't want them to feel entitled. i want them to have to earn things. i'm not the dad that comes home with 30 presents to try to earn their love. i never buy them presents ever. when it's time the holidays and birthdays i order some things last minute at amazon that comes already package and everything. picked with love of course. but i don't want them to ever think that this is just theirs and an entitlement. >> my sons have to give me a business plan. if they want a jacket. they have to give me a business plan. >> my daughter wants a dog.
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i gave her a list of things she had to accomplish. she got through it i was surprised. i said now i need a plan. she said i can deal with the responsibility. i said put together a powerpoint >> my daughter came home and said you've got to help me come up with a business idea. she was all excited and distracted. she'll get back on it. yeah, it's always exciting to me when my kids just come up with new ideas, like any parent, i just want them to find their own way. >> i've avoided politics too much, because i think it can be quite tedious interviewing somebody like you. but on a wider note, leadership seems to be in a vague form of paralysis in washington generally at the moment. when you look at it as an american, what is the answer to
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get through all of this? >> i think we're in a transitional time. in an era where social media has changed how the media in general -- it used to be there were three networks, then seven networks. now people don't read the newspaper, they don't all watch the same news shows. there's the old saying that if it's important to me, it will find me. i think politicians are ignorant of how to use media right now. because of that, they go to their comfort zones. when everybody does that, everybody bumps heads. so you see so much partisanship, because that's the only way they see results. so we'll go through this transition period. as people get more comfortable and things sort out, we'll see stronger leadership. i don't care what kind of leader you are, if you can't reach the people you're supposed to be leading and communicate with them, it doesn't work. >> most people in washington, everybody went, a, what is that?
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and b, how can it be worth that money? you might be going, that's quite cheap. you're familiar with that media. >> if you're going to keep up with what's happening in the world today and try to be a leader, have any impact on society, business, politics, whatever it may be, if you're not keeping with what's going on, you're lost, because the world isn't going to be run by people who control metal anymore. it's not about bullets. it's about bytes. it's the people who understand bits and bytes and programming that will have the greatest programming. i'm not worried about the next pearl harbor, i'm worried about the cyber attacks, high frequency trading, things you don't see coming until it's too late. i think that's changing dramatically. so -- >> all my kids love snap chat. >> it's interesting.
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snap chat is becoming a social network, i had all my problems with the s.e.c., so i'm gearing people towards the zero footprint life. i had someone write an app called cyber dust. it's basically snap chat for text. my lawyers, my bankers, brokers, that's how i communicate with them because i want it to disappear in 30 seconds. so snap chat is used so little girls can say, look at my breasts, then it disappears. after the conversation, it's gone. the same thing is happening, and this is an example. it's only going to happen more and more. >> when we come back, we'll talk about the future, you've got the brain for all this kind of thing.
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my special guest mark cuban. let's talk gadgets and the future. what phones do you use? >> i got two of them. i have my samsung note three, which i like. it's big, i get a thousand e-mails a day, so it lets me respond. then i have my iphone, which i
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like, because there's certain apps that are only on here. are you a mac guy or a pc? >> probably both. i've got a mac, a pc. if i'm going to stay ahead, there's always some 12-year-old trying to kick my ass. >> i had a 15-year-old on this show, brilliant guy. >> i don't want to have a blank look on my face when they start talking about twitch or whatever it is. >> what do you think the next big thing is? >> sensors and personalized medicine. right now we put everything into google and expect a response. i've got companies that put a patch on, it will tell -- i've got a company that counts people in real-time, and be able to
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give you information that you don't even know you need but will need rather than you having to think what do i need and typing it into google. that's the near-term. long-term it's personalized medicine. as processing gets faster, faster, we can decode our dna, decode down to rna protein levels and the concept that jake, my 4-year-old, when he has kids let's say, his kids will go to the drugstore and will take an allergy medication that has a warning that says you might be the one that dies from this will seem barbaric. his kids will say oh, we can tell that you're suffering from allergies right now. bam, out of the printer comes this pill or whatever it is or a patch to put on you that takes care of your allergies. >> amazing. i wish i had your brain, mark cuban.
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>> yeah, whatever. >> been great to talk to you. your book "how to win at the sport of business" and "shark tank" airs on fridays. mark cuban, remarkable ban. that's all for us tonight. good night. good evening. new calls to stop the bill that some say protects religious freedom. two former republican presidential candidates weigh in. supporters of the bill are avoiding us. interest groups won't come on this show to defend it. and this young boy is at the center of a medical mystery. his battle with a crippling disease and spreading fear throughout the country. is amanda knox's ex-boyfriend turning on him? what he's saying what she did shortly after the murder. we begin with the growing

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